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Operational systems and AI-enriched compliance data with the smart platform are able to solve regulatory compliance problems. This completely avoids the problems and pitfalls of manual compliance methods, improves costs, and saves time for global financial institutions. Have a look at this infographic and visit our website for more information: https://bit.ly/3N6ghyT
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Manual Compliance Processes - Soon A Thing Of A Past Keeping up with regulatory changes can be a challenge within any industry, and the post-2008 financial sector is no exception. However, companies that are embracing new developments in regulatory technology (regtech) are developing systems capable of maintaining compliance with the millions of pages of new regulatory documents published each year. MANAGING THE DELUGE OF NEW REGULATIONS With over 200 new regulatory changes coming down from government financial agencies every day, managing regulatory change is a real challenge, especially for financial service providers that are still relying on manual processes for compliance updates. MODERN REGULATORY TECHNOLOGIES ARE OFFERING SOLUTIONS Global financial institutions are actively seeking RegTech to solve their compliance challenges. According to the survey of these companies cited above, the vast majority of financial institutions have either already replaced or are investigating the replacement of manual compliance processes with RegTech. LEVERAGING TECHNOLOGY TO SOLVE COMPLIANCE PROBLEMS Compliance officers of the future will be working in streamlined environments where regulatory changes are automatically integrated into operational systems and AI-enriched compliance data on a smart platform is able to immediately point to activities or individuals that may be contravening the law. https://www.shieldfc.com/